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23 of 115 unique stocks in common · Jaccard: 20%
A weighted portfolio overlap of 39.99% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.99 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.72% in ICICI Prudential Large Cap Fund and 7.44% in Nippon India Retirement Fund - Wealth Creation Scheme. Holding both schemes increases your concentration in ICICI Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in ICICI | in Nippon |
|---|---|---|
| ICICI BankBanks | 8.72% | 7.44% |
| HDFC BankBanks | 8.46% | 6.15% |
| Reliance IndustriesPetroleum Products | 5.41% | 6.64% |
| Axis BankBanks | 4.67% | 3.63% |
| Larsen & ToubroConstruction | 5.38% | 3.20% |
| NTPCPower | 2.38% | 2.47% |
| InfosysIT - Software | 3.60% | 2.30% |
| Ultratech CementCement & Cement Products | 2.69% | 1.45% |
| Hindustan AeronauticsAerospace & Defense | 1.11% | 1.15% |
| SBI Life Insurance CompanyInsurance | 1.09% | 1.05% |
| State Bank of IndiaBanks | 1.02% | 2.67% |
| Cummins IndiaIndustrial Products | 0.91% | 1.07% |
| Hindustan UnileverDiversified FMCG | 0.83% | 1.80% |
| HDFC Asset Management CompanyCapital Markets | 0.69% | 1.01% |
| EternalRetailing | 0.54% | 2.19% |
| Titan CompanyConsumer Durables | 0.43% | 1.16% |
| ICICI Lombard General Insurance CompanyInsurance | 0.40% | 1.94% |
| United BreweriesBeverages | 0.30% | 1.45% |
| Container Corporation of IndiaTransport Services | 0.24% | 1.30% |
| Bajaj FinservFinance | 0.20% | 0.42% |
| LupinPharmaceuticals & Biotechnology | 0.19% | 0.69% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.08% | 1.06% |
| GAIL (India)Gas | 0.07% | 1.01% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.